Adani-EdgeConneX JV looks to juice up data centre business, plans to invest $5 bn in next 5 years

Mumbai: Adani Enterprises (AEL), the flagship firm of billionaire Gautam Adani, is seeking to aggressively expand its data centre business. AdaniConneX, the equal joint venture between AEL and Sweden’s EQT-owned EdgeConneX, is looking to invest $5 billion in the next five years, of which more than half could be ploughed in this year itself.

Of the $5 billion investment plan, promoter equity infusions would account for around a quarter, sources aware of the fund-raising for the proposed expansion told ET.